Oracle deal gains DoJ approval
Oracle yesterday won clearance from the US Department of Justice for its $7.4bn acquisition of Sun Microsystems, after an earlier delay in the approval process threatened to knock the deal off course. The acquisition is still waiting for European approval.
The US software company had originally hoped to close the deal quickly, but hit a stumbling block when the DoJ failed to give its approval at the end of an initial investigation. In an unusual move at the time, a lawyer representing Oracle said the hold-up related to "one narrow issue" that was "never going to get in the way of the deal".
Oracle attributed the delay to scrutiny of the licensing arrangements surrounding Java, the programming language controlled by Sun and which Oracle has singled out as the main reason for its acquisition.
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